DEADLINE FOR FISAP EDIT CORRECTIONS AND PERKINS CASH ON HAND UPDATE

All corrections to the Fiscal Operations Report for 2012-2013 and the Application to Participate for 2014-2015 (FISAP) data and correction of edit errors must be submitted to the USDE by Friday, December 13, 2013. Also by this deadline, a school that participates in the Federal Perkins Loan (Perkins Loan) Program must update its Perkins cash on hand as of October 31, 2013.

 

Schools with a Federal Perkins Loan Revolving Fund must update the item in Part III, Section A, Line 1.2 “Cash on hand and in depository” to the amount that was on hand as of October 31, 2013. Instructions for completing this item are on page III-3 of the FISAP Instructions.

 

The 2012-2013 awards closeout for the Campus-Based programs will involve reconciling a school’s authorized award for each program with the amount reported as expended for that program on the school’s 2012-2013 Fiscal Operations Report. A school should ensure that the amounts reported on the FISAP in Part IV 2012-2013 expenditures of Federal Supplemental Educational Opportunity Grant (FSEOG) and Part V 2012-2013 expenditures of Federal Work-Study (FWS) reconcile with the drawdown information in G5. During the closeout process, any authorized funds that were not expended will be deobligated from G5.

 

If your school needs to make changes to data that were included in its originally-filed FISAP, log in to the eCampus-Based (eCB) Web site and change the data in the applicable section of the FISAP.

 

NOTE: Schools are not required to resend signature pages when changes/corrections are made to a previously submitted FISAP.

 

For complete details click on the following link:

http://www.ifap.ed.gov/eannouncements/112213FISAPEditCorrPerkinsCashOnHandUpdateDueDec132013.html

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